Furman Matthew 4

What Happened
Matthew Furman, General Counsel of Willis Towers Watson plc (WTW), was granted 5,769 performance-based restricted share units (reported as an acquisition on 2026-02-25). The Form 4 reports the award at $0.00 (code A — grant/award), reflecting that these units were issued as compensation rather than a cash purchase. Each earned unit represents the right to receive one ordinary share upon vesting, subject to the award terms.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (filed within the typical 2-business-day Form 4 window).
• Transaction type/code: Award/Grant (A). Reported acquisition: 5,769 units at $0.00.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: These are performance-based RSUs certified for the performance period ended 12/31/2025. Units will convert to ordinary shares upon satisfaction of the service-based vesting requirement on 04/01/2026 and include dividend-equivalent units that vest/pay with the underlying RSUs (see footnote F1).
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the provided information.

Context
This is a compensation award (performance-based RSUs), not an open-market buy or sale. Such grants are common as part of executive pay and only convert into tradable shares if service and any applicable performance conditions are met. The $0.00 acquisition price reflects the nature of the grant; the eventual market value will depend on WTW’s share price when the RSUs vest and are settled.